New Jersey A 4614: Modifies Nursing Faculty Loan Redemption Program.

Bill Text

(Sponsorship Updated As Of: 12/21/2023)
[First Reprint]
ASSEMBLY, No. 4614

STATE OF NEW JERSEY
220th LEGISLATURE

INTRODUCED SEPTEMBER 22, 2022

Sponsored by:
Assemblyman LOUIS D. GREENWALD
District 6 (Burlington and Camden)
Assemblywoman MILA M. JASEY
District 27 (Essex and Morris)
Assemblywoman LINDA S. CARTER
District 22 (Middlesex, Somerset and Union)
Assemblywoman PAMELA R. LAMPITT
District 6 (Burlington and Camden)
Senator NELLIE POU
District 35 (Bergen and Passaic)
Senator JOSEPH F. VITALE
District 19 (Middlesex)

Co-Sponsored by:
Assemblywoman N.Munoz, Assemblymen Danielsen, Benson,
Assemblywoman Jimenez, Assemblymen Tully, Rooney, Assemblywomen
Reynolds-Jackson, Lopez and Senator Ruiz

SYNOPSIS
Modifies Nursing Faculty Loan Redemption Program.

CURRENT VERSION OF TEXT
As reported by the Assembly Health Committee on February 13, 2023, with
amendments.

A4614 [1R] GREENWALD, JASEY
2

EXPLANATION – Matter enclosed in bold-faced brackets [thus] in the above bill is
not enacted and is intended to be omitted in the law.

Matter underlined thus is new matter.
Matter enclosed in superscript numerals has been adopted as follows:
1Assembly AHE committee amendments adopted February 13, 2023.

AN ACT concerning the Nursing Faculty Loan Redemption Program 1
and amending and supplementing P.L.2009, c.236. 2
3
BE IT ENACTED by the Senate and General Assembly of the State 4
of New Jersey: 5
6
1. Section 4 of P.L.2009, c.236 (C.18A:71C-53) is amended to 7
read as follows: 8
4. a. There is established within the Higher Education Student 9
Assistance Authority the Nursing Faculty Loan Redemption 10
Program. The purpose of the program is to address the current and 11
projected critical shortage of nursing faculty in the State by 12
providing an incentive for persons to enter graduate nursing 13
education programs and for persons already trained as nurses to 14
advance their training in the profession so as to ensure that 15
sufficient numbers of nursing faculty are available to train nursing 16
students, and the State's hospitals, nursing homes, veterans' 17
facilities and home care services and community care programs will 18
have sufficient, trained nursing staff in the future to provide quality 19
health care services to the residents of this State. 20
The program shall provide loan redemption in exchange for full-21
time and part-time faculty employment at a school of nursing in the 22
State for a five-year period [following completion of the approved 23
graduate degree program. The authority may establish a limit on 24
the total amount of student loans which may be redeemed for 25
participants under the program]. 26
b. In developing the program, the authority shall collaborate 27
with the Robert Wood Johnson Foundation New Jersey Nursing 28
Initiative and such other entities as the authority deems appropriate. 29
(cf: P.L.2009, c.236, s.4) 30
31
2. Section 5 of P.L.2009, c.236 (C.18A:71C-54) is amended to 32
read as follows: 33
5. To be eligible to participate in the program, an applicant 34
shall: 35
a. be a resident of the State and maintain domicile in the State 36
during participation in the program; and 37
b. (1) have obtained a master's degree in nursing (MSN), a 38
doctor of nursing science degree (DNS), a doctor of nursing 39
practice degree (DNP), a doctor of philosophy degree (PhD) in 40
nursing or another relevant field of study [within a one-year period 41
prior to being] and be
1[hired for full-time or part-time faculty 42
employment on or after the date of enactment of]
1 [this act] 43

A4614 [1R] GREENWALD, JASEY
3

1[P.L.2009, c.236 (C.18A:71C-50 et seq.)] employed in a faculty 1
position, including an adjunct faculty position
1; and 2
(2) have maintained a grade point average of 3.0 or higher on a 3
scale of 4.0, or its equivalent, while enrolled in an approved 4
graduate degree program. 5
(cf: P.L.2009, c.236, s.5) 6
7
3. (New section) a. For each year of full-time faculty 8
employment at an eligible institution, the program shall provide 9
$10,000 to a program participant, up to a maximum five years, for 10
the redemption of eligible student loan expenses.
1[For each year of 11
part-time faculty employment at an eligible institution, the program 12
shall provide $5,000 to a program participant, up to a maximum of 13
five years, for the redemption of eligible student loan expenses] 14
Loan redemption amounts for program participants who do not have 15
full-time faculty employment shall be awarded on a pro-rata basis
1. 16
The total loan redemption amount for a program participant shall 17
not exceed $50,000. 18

1As used in this subsection, “full-time faculty employment” 19
means employment with a faculty load of 12 or more academic 20
credits in each of two semesters in an academic year.
1 21
b. No amount of loan redemption shall be provided for service 22
performed for less than a full year. Loan redemption shall be 23
applied first to outstanding State loans and then to outstanding 24
Federa